FY22Q2 concall notes:
- Want to increase ratings business market share by 1% p.a. and go to high 20s in the next 3-4 years
- Do not expect any large changes on the employee front in ratings business
- Both Indian subsidiaries (expect significant growth) are performing well on the employee front
- Plan is to reach 1/3rd of total business (in terms of sales and profits) from other business lines by FY25
- Don’t see a change in the competitive environment in ratings business (1’000 - 1’200 cr. market size distributed among 7 companies, high competition)
- Rebranding: New logo coming
- Do not book revenue from non-cooperating clients
Disclosure: Invested (position size here)